BidaskClub downgraded shares of Secureworks (NASDAQ:SCWX) from a hold rating to a sell rating in a research note published on Friday morning.
A number of other research analysts have also recently commented on SCWX. Zacks Investment Research cut Secureworks from a buy rating to a hold rating in a research report on Wednesday, December 13th. KeyCorp reaffirmed a buy rating and set a $13.00 price target on shares of Secureworks in a research report on Thursday, December 7th. JPMorgan Chase & Co. cut Secureworks from an overweight rating to a neutral rating and set a $12.00 price target on the stock. in a research report on Wednesday, December 6th. Finally, Royal Bank of Canada reaffirmed a buy rating on shares of Secureworks in a research report on Friday, December 8th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $12.95.
Secureworks (SCWX) opened at $9.43 on Friday. Secureworks has a 1 year low of $8.10 and a 1 year high of $12.99. The firm has a market capitalization of $764.56 and a price-to-earnings ratio of -16.84.
Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in shares of Secureworks during the 3rd quarter valued at $111,000. Teachers Advisors LLC raised its stake in shares of Secureworks by 32.2% during the 2nd quarter. Teachers Advisors LLC now owns 12,872 shares of the technology company’s stock valued at $120,000 after purchasing an additional 3,135 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Secureworks by 8.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,844 shares of the technology company’s stock valued at $129,000 after purchasing an additional 1,022 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Secureworks during the 1st quarter valued at $133,000. Finally, California State Teachers Retirement System raised its stake in shares of Secureworks by 15.3% during the 2nd quarter. California State Teachers Retirement System now owns 14,314 shares of the technology company’s stock valued at $133,000 after purchasing an additional 1,900 shares during the period. Institutional investors own 7.96% of the company’s stock.
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Secureworks Company Profile
Secureworks Corp. is a holding company. The Company provides intelligence-driven information security solutions. The Company is focused on protecting the Company’s clients from cyber-attacks. The Company’s solutions enable companies to fortify their cyber defenses to prevent security breaches, detect malicious activity in real time, prioritize and respond to security incidents, and predict emerging threats.
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